Newark-based Prudential Financial announced Wednesday that group insurance president Yanella Frias will become executive vice president and chief financial officer, effective March 15. Mr. Frias, who has been with the company for approximately 30 years, will join the executive team as an officer and report directly to Prudential Vice Chairman Robert Falzon.
She will succeed Ken Tanji and will remain with the company until September 30 to ensure a smooth transition.
“Ken has played a critical role in Prudential's success, holding various finance leadership positions during his tenure and most recently He directed the company's financial strategy.” “Ken has made a meaningful contribution as our CFO, leading de-risking and capital release transactions, achieving expense targets, and successfully navigating the company through the financial challenges of the pandemic and subsequent market volatility. On behalf of the Board of Directors and the management team, I would like to thank him for his 35 years of service and his significant contributions and dedication to Prudential.”
During his tenure at Prudential, Frias held a number of senior management positions in finance, operations, and Prudential's insurance and retirement businesses.
“Yanella's extensive financial, operational and leadership experience will help us execute on our strategy to become a higher-growth, less market-sensitive, more agile company and create lasting value for our customers, shareholders and employees. “This will go a long way in helping us create new products,” said Rowley. Added.
“Yanella is a seasoned executive with extensive experience in all aspects of financial management and a proven track record of leading large and complex organizations. and we look forward to the impact she will have in her new role,” said Robert Falzon, vice chairman of Prudential Financial.
Prior to his appointment as President of Group Insurance in 2021, Mr. Frias served as President of Prudential Retirement. Previously at Prudential, he led the Investment and Pension Solutions business within Retirement and was responsible for several businesses, including pension risk transfer, international reinsurance and related domestic and international institutional product innovation efforts.
Prior to this, Mr. Frias spent approximately 20 years in various financial roles of increasing responsibility, including financial assistant at Prudential Financial, CFO of individual life insurance, and CFO of the pension division.
